Bitcoin price is up over 5% and it cleared the $45,000 resistance. BTC is showing positive signs on rumors of spot ETF approval by the EOD. Bitcoin is gaining pace above the $44,000 and $44,400 resistance levels. The price is trading above $45,000 and the 100 hourly Simple moving average. There was a break above…
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Another year, another Crypto Holiday special from our team at NewsBTC. In the coming week, we’ll be unpacking 2023, its downs and ups, to reveal what the next months could bring for crypto and DeFi investors. Like last year, we paid homage to Charles Dicke’s classic “A Christmas Carol” and gathered a group of experts…
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Bitcoin price is holding gains above the $41,500 zone. BTC is rising and might gain bullish momentum above the $43,200 resistance zone. Bitcoin is attempting a fresh increase above the $42,500 resistance zone. The price is trading above $42,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with…
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The pioneer cryptocurrency, Bitcoin, has struggled to hold above the $43,000 price mark over the past few weeks. The last seven days have not been much different for the cryptocurrency, which currently trades below $42,000. However, a popular crypto analyst on the X platform has come forward with an interesting trajectory for the price of…
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Source: AdobeStock / Photocreo Bednarek Bitcoin miner reserves have reached their lowest point since May, signaling increased selling pressure as the largest cryptocurrency records a December gain of more than 13%. Data from CryptoQuant indicates that Bitcoin miners’ reserves have been steadily decreasing since the beginning of December. In the past 24 hours alone, miners…
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The Bitcoin Rainbow Chart has emerged as a universally used analytics tool that helps crypto investors and traders predict BTC’s ever-changing market trends and cycles. Bitcoin Rainbow Chart BTC Analysis Throughout the year, the price of Bitcoin has experienced several uptrends and downsides. Starting from the last three months of 2023, BTC’S price has experienced…
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Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year. Bitcoin options worth around $11 billion expired today, as per data presented by The Block, a new all-time high. Bitcoin…
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Bitcoin price failed again to clear the $44,000 resistance zone. BTC is declining and might be at risk of a downside break below the $41,500 level. Bitcoin is slowly moving lower from the $43,800 resistance zone. The price is trading below $43,000 and the 100 hourly Simple moving average. There is a key bearish trend…
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A recent report from CryptoQuant has sparked discussions, suggesting that a Bitcoin spot exchange-traded fund (ETF) approval by the US Securities and Exchange Commission (SEC) could lead to a significant market event. This possibility arises amid the Bitcoin (BTC) price stabilizing above $40,000, leaving many market participants sitting on substantial unrealized profits. The report by…
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On-chain data suggests the Bitcoin whales may have participated in a significant amount of buying while the market was panicking about the recent lows. Bitcoin Exchange Netflow Has Been Quite Negative Recently An analyst in a CryptoQuant Quicktake post pointed out that the exchanges have recently seen outflows. The indicator of interest here is the…
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